This is a perfect example why most people are dirt poor and in debt.

N

noob_trad3r

In general people are morons when it comes to managing their financial affairs.

Give them a million and in a year they will be broke. People don't get rich by blowing every dime they get and then borrowing.


http://online.wsj.com/article/SB100...16172350869312.html?google_editors_picks=true

Despite having earned roughly US$1 million since he started, he has no savings and doesn't apologize. 'The mines are so dull, that when you get back here, everything is stimulation and excitement.'
 
Quote from noob_trad3r:
----financial affairs.
----a million....
----in a year they will be broke.
----get rich....
----blowing every dime....
----earned roughly US$1 million...
----no savings....
----The mines....
More...
When stories about "high" wages being paid in commodity-mining jobs become "news", it has to be bearish for the commodity in question. :D :eek: :cool:
 
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